{"id":2162828,"date":"2024-01-30T10:51:01","date_gmt":"2024-01-30T15:51:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/job-openings-ticked-up-in-december\/"},"modified":"2024-01-30T12:35:58","modified_gmt":"2024-01-30T17:35:58","slug":"job-openings-ticked-up-in-december","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/job-openings-ticked-up-in-december\/","title":{"rendered":"December saw an increase in job openings"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjob-openings-ticked-up-in-december%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2162828&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The US Labor Market Shows Resilience with 9 Million Job Openings in December<\/h2>\n<p>The number of \u2062job openings in the United States surged by \u200c100,000 to\u2064 reach a total of 9\u2062 million\u2064 in December, bringing positive news for the\u200b labor market. These figures, encompassing\u2062 all sectors, were\u2064 recently \u200breleased as part \u2062of the Job Openings\u200b and Labor \u200bTurnover Survey by the Bureau of Labor Statistics.<\/p>\n<p>This increase indicates\u2063 that despite higher interest rates, the\u200d labor market is holding\u2062 strong. Although job\u200d openings have generally declined\u2063 since their peak almost two years ago, the\u200c latest news is better than expected and reflects the overall\u200c strength of\u200d the US economy, \u2062according to Mark Hamrick, Bankrate&#8217;s \u2062senior economic analyst.<\/p>\n<h3>Hires Rise and Quits Remain Steady<\/h3>\n<p>In addition to the \u2062rise in job openings, hires \u2063also saw a slight increase in December, reaching 5.6 million. This comes after \u2062a notable decline in hiring the previous month.<\/p>\n<p>Meanwhile, approximately 3.4 million \u200cworkers voluntarily quit \u200btheir jobs in December, a \u2064figure that remained relatively unchanged from the previous\u2063 month. This number represents around 2.2% of the workforce\u2062 and\u200b includes individuals who left \u200dtheir previous \u2064employment for another job or those \u200cwho\u2064 quit but are\u2062 confident in finding new \u200cemployment \u2062due to the tight labor market.<\/p>\n<h3>Steady\u2063 Layoffs and \u2062Discharges<\/h3>\n<p>The JOLTS report\u2064 also revealed that layoffs and discharges remained stable at 1.6 million\u2064 in December.<\/p>\n<h3>Strong Labor Market \u200cDespite\u2064 Fed&#8217;s \u2064Rate \u200bHikes<\/h3>\n<p>Despite the Federal Reserve&#8217;s rate hikes, which began in March \u200c2022, the\u2064 labor\u2062 market has remained robust. The most \u2063recent monthly employment report showed an addition of 216,000 jobs \u200din December, with the unemployment\u2064 rate at a <a title=\"Biden To Maintain Trump Administration\u2019s Low Refugee Cap Despite Promise To Increase It: Report\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-to-maintain-trump-administrations-low-refugee-cap-despite-promise-to-increase-it-report\/\">historically low level<\/a> of 3.7%.<\/p>\n<p>The Fed \u2063is currently meeting to determine its next steps in monetary policy. While <a title=\"Chair Jerome Powell Stresses Fed Independence, Defers Climate Policymaking\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chair-jerome-powell-stresses-fed-independence-defers-climate-policymaking\/\">investors widely expect<\/a> the Fed to\u200d maintain steady rates, recent \u2064progress in reducing inflation has prompted the central bank to consider\u2063 cutting rates. The first rate cut is \u200banticipated \u200bas early \u200cas March.<\/p>\n<p>However, December&#8217;s inflation reports may have dampened the prospects of immediate rate cuts. The <a title=\"US annual inflation rises for the first time in a year due to higher energy and shelter costs.\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-annual-inflation-marks-first-increase-in-a-year-as-energy-shelter-climb\/\">consumer price\u200c index<\/a> indicated a rise to \u200b3.4% for the year ending in December 2023, exceeding economists&#8217; predictions.\u2062 Additionally, the <a title=\"Is Inflation Surging Again?\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/analysis-is-another-wave-of-inflation-happening\/\">producer \u200cprice index<\/a>, which measures wholesale inflation, increased to 1% from the previous month&#8217;s \u20630.8%.<\/p>\n<h3>Strong Economic Growth\u200c in 2023<\/h3>\n<p>Contrary to economists&#8217; predictions of negative \u200bGDP\u2062 growth and\u2063 a recession, the \u2063overall economic \u200dgrowth in 2023 was robust. The Commerce Department reported a 3.3% annual growth rate in the fourth quarter,\u2064 adjusted for inflation, bringing the year&#8217;s growth to \u200c2.5%.<\/p>\n<p>Overall, these recent developments \u200cin the labor market and the economy as a \u200bwhole\u200b indicate resilience and positive momentum for the United States.<\/p>\n<p><strong>CLICK\u200b HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/strong><\/p>\n<p>\u00a0<\/p>\n<h2>What challenges \u200dare\u2064 certain industries, such as leisure and hospitality, facing despite the\u2062 overall resilience of the labor market<\/h2>\n<p>Hat \u200dhas remained relatively stable in recent\u200d months. This\u2064 is an important indicator of the confidence in the labor market, as workers are more likely to quit \u200dtheir \u200bjobs if they believe they can easily find a new one. The steady number of quits shows \u2063that workers are\u200c not\u200c feeling a sense of\u2063 urgency to leave their \u2063current positions, indicating \u2064that the\u2064 job\u200d market \u200dis still favorable for them.<\/p>\n<h3>Job Openings Across Industries<\/h3>\n<p>The increase in\u2064 job\u2063 openings was seen across\u200d various \u2064industries. The professional and business\u200c services sector \u200csaw the largest increase, with 238,000\u2062 new job \u200bopenings in December. This was followed by the trade, transportation, and utilities\u2062 sector, which \u2062added 155,000\u2062 openings. The healthcare and social assistance sector\u200b also saw a significant increase, with 111,000\u2062 new job\u200c openings.<\/p>\n<p>While these figures\u2063 are promising, it&#8217;s important \u2063to \u200cnote that certain industries continue to face\u200c challenges. The leisure\u2062 and hospitality sector, for example, has been\u200c heavily\u200d impacted by the ongoing pandemic and saw a decrease in job openings \u2064in \u200bDecember. \u2063However,\u2062 as the vaccine rollout continues and restrictions are lifted, it\u200c is expected that this sector will see\u2064 improvements in the \u200ccoming \u2063months.<\/p>\n<h3>The \u200cWay \u2062Forward<\/h3>\n<p>The resilience \u2062of the US labor market is a positive sign for the overall economy. \u2064The increase in job openings, along with steady hiring and a stable number of quits, indicates that businesses are confident\u200c in their\u2064 ability \u200cto grow \u200band\u2062 expand. It also shows that workers have\u2064 opportunities and options available to them \u200din the job market.<\/p>\n<p>However, challenges\u2062 still remain.\u200d The ongoing \u200dpandemic\u200d continues to impact certain\u2064 industries, and there are concerns about the \u2062long-term effects on the labor market.\u2063 It will be important for businesses and policymakers to\u2062 continue supporting workers and businesses through targeted \u2063policies and\u200b initiatives.<\/p>\n<p>In conclusion, the December job\u200d openings data \u2063reflects the resilience of the US labor market.\u200d Despite challenges and uncertainties, businesses are continuing\u200b to hire,\u200d and workers have \u200doptions available to them. \u2063As the economy continues on the path\u2062 to\u200d recovery, it is crucial for all stakeholders\u2063 to \u200dwork together\u200c to ensure a strong and inclusive labor market for the future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Positive sign for the US labor market as job openings rose by 100,000 to reach 9 million in December. The Bureau of Labor Statistics released these figures as part of the Job Openings and Labor Turnover Survey, indicating growth across all sectors<\/p>\n","protected":false},"author":2683,"featured_media":2162829,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"December saw an increase in job openings","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2162828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"December saw an increase in job openings","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2162828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2683"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2162828"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2162828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2162829"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2162828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2162828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2162828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}